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Agenda
as of Sept. 3, 2015

Event Location: Hyatt Regency Crystal City
2799 Jefferson Davis Hwy, Arlington, VA 22202

Transportation: Take the Blue or Yellow Metrorail Line to the Cyrstal City station. The hotel shuttle leaves the station every 15 minutes, or you may walk approximately a half mile from the station to the hotel. Valet parking is also available for $27/day.

Sunday, September 20

3:00 p.m. - 5:00 p.m. Registration

Monday, September 21

7:30 a.m. - 5:00 p.m. Registration

8:30 a.m. - 9:00 a.m. Welcome
  The Honorable Theodore "Ted" Tozer, President, Ginnie Mae

9:00 a.m.-10:00 a.m. General Session Panel: Mortgage Servicing Rights: What Does the Future Hold?
  Michael Drayne, SVP, Issuer & Portfolio Management, Ginnie Mae
Michael Nierenberg, CEO & President, New Residential Investment Corp.
Stanford L. Kurland, Chairman & CEO, PennyMac Loan Services
Bill Cosgrove, Owner & CEO, Union Home Mortgage Corp.
Shawn Krause, EVP, Government Affairs, Quicken Loans
Kevin Watters, CEO of Mortgage Banking, JPMorgan Chase

The environment affecting the servicing of residential mortgage loans has changed dramatically in recent years, and the implications of this change are significant for the nation's housing finance system. This distinguished panel of industry leaders will provide insights into recent trends and future direction and possibilities. Panelists will answer questions such as:
  • If you run an organization built to invest in MSRs, what are the major issues on your mind today?
  • What are your thoughts about the composition of MSR investors changing?
  • How do you think Washington-based policymakers should see the subject of MSRs as the financial crises recedes farther into the past?
10:15 a.m. - 11:15 a.m. General Session Panel: Balancing Risk and Mission
  The Honorable Theodore "Ted" Tozer, President, Ginnie Mae
Michael James Frueh, Director, Loan Guaranty Service, U.S. Department of Veterans Affairs
Edward "Ed" Golding, Principal Deputy Assistant Secretary, Office of Housing, U.S. Department of Housing and Urban Development

Seven years after the housing crisis, the role of the government loan programs remains prominent, and 2015 has seen record breaking levels of Ginnie Mae MBS issuance backed by FHA, VA and RHS loans. This panel brings you the heads of FHA and VA, along with Ginnie Mae President Ted Tozer to talk about where we are, where we need to go, and what risks we must navigate to get there. Panelists will answer questions such as:
  • How strong is the housing market - should the government agencies be more or less aggressive in pricing their programs?
  • What is the effect of mortgage bank directed regulation and state and federal investigations and litigation - should the post-crisis "work-out" be over? Have banks been punished enough? Are we shutting out opportunity for buyers and renters?
  • How do we make homeownership and renting more affordable?
  • If you could accomplish three specific goals in the next year for your agency or for housing finance overall, what would they be and why?
11:30 a.m. - 12:30 p.m. Track Breakout Sessions

MULTIFAMILY: RFS for Multifamily Issuers
Rick Garner, President, Virtual Development Corporation
Nancy Strickland, Manager, Virtual Development Corporation

This session is back by popular demand. An experienced panel of experts will discuss common Multifamily Reporting and Feedback System (RFS) errors and investor reporting compliance issues.

INDUSTRY CONCERNS: Capital Markets Overview
John Getchis, SVP, Capital Markets, Ginnie Mae

Hear about the major issues of concern to Ginnie Mae security-holders, and how they are relevant to mortgage origination and servicing.

OPERATIONAL: A Look Ahead: Ginnie Mae Policy Changes
Michael Drayne, SVP, Issuer and Portfolio Management, Ginnie Mae
Greg Keith, SVP and Chief Risk Officer, Ginnie Mae
Luis Saucedo, Program Development Specialist, Ginnie Mae

Ginnie Mae continues to refine its program and the requirements for participation in it. Come and hear a quick recap of last year's major changes and get a sense from key program management staff of where we see the next set of challenges.

MONITORING AND COMPLIANCE: Issuer Operational Performance Profile (IOPP)
René Mondoñedo, Senior Mortgage Banking Analyst, Ginnie Mae
Mike Werstuik, Manager, Deloitte

Ginnie Mae's new IOPP Scorecard assesses Issuers according to various operational metrics. Learn how it works, how it's evolving, and what lenders need to do to maintain a favorable profile.

EXTERNAL ISSUES : Reporter Roundtable (Media Only)

The Honorable Theodore "Ted" Tozer, President, Ginnie Mae
Mark Zandi, Chief Economist, Moody's Analytics
Gina Screen, Marketing Specialist, Ginnie Mae

This roundtable provides an opportunity for reporters and editors to share information about the challenges facing the secondary mortgage market in the wake of the market transformation, the implications for Ginnie Mae, and future trends in the housing finance industry. This event is invitation only for the media.

12:30 p.m. - 1:45 p.m. Seated Lunch: Economic Outlook
  Mark Zandi, Chief Economist, Moody's Analytics

1:45 p.m. - 5:15 p.m. Account Executive Meet and Greet

1:45 p.m. - 2:45 p.m. Track Breakout Sessions

MULTIFAMILY: Multifamily Legal Issues
Dana Boyd, Office of General Counsel, U.S. Department of Housing and Urban Development

Learn about the latest regulatory and enforcement activities from HUD's Office of General Counsel. As program counsel, the office provides legal guidance to support Ginnie Mae program activities, including resolution of statutory, regulatory, corporate, and operational issues.

INDUSTRY CONCERNS: Delivery Standards and Tips from MDS (real world examples)
Jason Eisendrath, Director, Mortgage Delivery Specialists

Once you have gone through the process to become and approved Issuer with Ginnie Mae, we will identify and review the steps to begin delivering loans to Ginnie Mae. We will discuss the data extraction, data auditing, pooling and the upload and submission process. Jason Eisendrath from MDS will give tips and talk about his experience with pooling Ginnie Mae loans.

OPERATIONAL: Financing MSRs via the Acknowledgement Agreement
Roy Hormuth, Director of Single-Family, Ginnie Mae
Harlan Jones, Senior Account Executive, Ginnie Mae

Description of the standards and procedures involved in using the Ginnie Mae Acknowledgement Agreement to obtain financing.

MONITORING AND COMPLIANCE: Understanding the Compliance Field Review
Paul St. Laurent, Lead Mortgage Banking Analyst, Ginnie Mae
Donovan Chase, Manager, Deloitte

This session will provide an overview of the compliance field review process, expectations, and common findings. New and seasoned Issuers will find these sessions informative.

3:00 p.m. - 4:00 p.m. Track Breakout Sessions

MULTIFAMILY / MONITORING AND COMPLIANCE (Dual Track): Implications of Non-Compliance
Leslie Meaux, Director of Monitoring and Asset Management, Ginnie Mae

This session will discuss the potential consequences of non-compliance in the Ginnie Mae Program, including the reasons for notices of Violations and Civil Money Penalties.

INDUSTRY CONCERNS: Current and Upcoming Program Changes for FHA, VA and RHS
John Bell, Assistant Director, Loan Policy and Valuation, U.S. Department of Veterans Affairs
Jaoquin Tremols, Guaranteed Loan Division Director, USDA Rural Housing Service

These heads of the program development offices of the agencies that insure and guaranty the loans in Ginnie Mae securities talk about the major program issues currently on their agendas.

OPERATIONAL: Getting Started and Being a Successful Ginnie Mae Issuer
John Kozak, Senior Account Executive, Ginnie Mae
Richard Washington, Senior Account Executive, Ginnie Mae
Susan Skiles, Mortgage Banking Analyst, Ginnie Mae

Three of Ginnie Mae's most experienced Account Managers offer tips on getting up and running as a new Issuers, and being successful for the long run.

4:15 p.m. - 5:15 p.m. Track Breakout Sessions

MULTIFAMILY: Multifamily-Only IOPP
René Mondoñedo, Senior Mortgage Banking Analyst, Ginnie Mae
Mike Werstuik, Manager, Deloitte

Ginnie Mae representatives will discuss the Multifamily Issuer Operational Performance Profile (IOPP) enabling Issuers to better understand Ginnie Mae performance expectations and which metrics are important to Ginnie Mae.

INDUSTRY CONCERNS: HMBS - Impact of Reverse Mortgage Restructuring by FHA
Karin Hill, Policy Advisor, HECM Modernization, Federal Housing Administration (invited)
John Getchis, SVP Capital Markets, Ginnie Mae
Luis Saucedo, Program Development Specialist, Ginnie Mae
John Kozak, Senior Account Executive, Ginnie Mae

The FHA HECM reverse mortgage program has undergone significant modifications in recent years ranging from updating initial disbursement caps to introducing a requirement for lenders to establish borrower financial capacity. The program level changes have impacted the HMBS market in several ways, including a shift from predominantly fixed rate issuance to ARM issuance, as well as introducing new data reporting.

OPERATIONAL: Raising the Bar on RFS Reporting
Stewart Spettel, Director of Operations, Ginnie Mae
Nancy Strickland, Manager, Virtual Development Corporation

During this session, Ginnie Mae experts will discuss common single-family reporting errors and investor reporting compliance issues.

5:15 p.m. - 6:00 p.m. Networking Session

Tuesday, September 22

7:30 a.m. - 4:30 p.m. Registration

8:30 a.m. - 9:30 a.m. General Session

9:30 a.m. - 10:00 a.m. General Session: Modernization Updates
  Victoria Vargas, Director, Program Administration, Ginnie Mae
Tamara Togans, Director, Enterprise Data Division, Ginnie Mae

This session will provide highlights of Ginnie Mae's technology roadmap for the future, as well as a recap of newly implemented enhancements and upcoming projects inclusive of process and application modernization initiatives, and architecture and technology changes.

10:05 a.m. - 10:45 a.m. Track Breakout Session

OPERATIONAL: Raising the Bar on RFS Reporting (repeat of Monday session)
Stewart Spettel, Director of Operations, Ginnie Mae
Nancy Strickland, Manager, Virtual Development Corporation

During this session, Ginnie Mae experts will discuss common single-family reporting errors and investor reporting compliance issues.

10:15 a.m. - 11:15 a.m. Track Breakout Session

EXTERNAL ISSUER: Single-Family FHA Taxonomy, the FHA Handbook and the Deep Dive on Quality Control Measures
Justin Burch, Director, Quality Assurance Division, Lender Activities and Program Compliance, Federal Housing Administration

FHA extended significant resources in the last year to collect its guidance in one cohesive handbook, and in delineating the way it handles non-compliance with that guidance. Find out what you need to know from the people who actually wrote the changes and will implement them.

MODERNIZATION AND TRANSFORMATION: New Procedures in RFS - Retiring Biometrics
Victoria Vargas, Director, Program Administration, Ginnie Mae
Angel Hernandez, Presidential Management Fellow, Ginnie Mae

Learn what changes are coming after Oct. 1 including the retirement of biometrics and the introduction of RSA SecurID token for pooling in GinnieNET, revision to Reporting Principal Balance (RPB) procedures, and more.

MONITORING AND COMPLIANCE: The Issuer’s Role in Document Custody
Susan Skiles, Mortgage Banking Analyst, Ginnie Mae

This session will provide Issuers with guidance on their roles and responsibilities regarding collateral documents, document exceptions, the annual reconciliation process, and managing the custodian relationship. Custodians will be invited to share best practices from their perspectives.

11:00 a.m. - 12:15 p.m. Track Breakout Session

OPERATIONAL: What You Need to Know About Servicing Transfers
Jonathan Hughes, Account Executive, Ginnie Mae
Akvile Sweetman, Senior Account Executive, Ginnie Mae

With the recent explosions in servicing transfers in the market, hear from Ginnie Mae experts about the strategy, due diligence, timing and mechanics related to servicing transfers.

11:30 a.m. - 12:30 p.m. Track Breakout Session

EXTERNAL ISSUES: Managing Sub-Servicer Relationship and Oversight Roundtable
Leslie Meaux, Director of Monitoring and Asset Management, Ginnie Mae
René Mondoñedo, Senior Mortgage Banking Analyst, Ginnie Mae
Julio Aldecocea, Managing Director, Lakeview Loan Servicing, LLC
Trinity Henton, Executive Vice President, Pingora Asset Management

Learn how Issuers manage their sub-servicing relationships and participate in an open discussion with Ginnie Mae.

MODERNIZATION AND TRANSFORMATION: MISMO Update and Demo
Nicole Jackson, Management Information Specialist, Ginnie Mae

This session will provide a demonstration of Ginnie Mae’s MISMO compliant Single-Family Pool Delivery Module (SFPDM), featuring enhanced reporting and user capabilities built on best-in-class technology.

MONITORING AND COMPLIANCE: Issuer Operational Performance Profile (IOPP) (repeat of Monday session)
René Mondoñedo, Senior Mortgage Banking Analyst, Ginnie Mae
Mike Werstuik, Manager, Deloitte

Ginnie Mae's new IOPP Scorecard assesses Issuers according to various operational metrics. Learn how it works, how it's evolving, and what lenders need to do to maintain a favorable profile.

12:00 p.m. - 3:45 p.m. Account Executive Meet and Greet

12:30 p.m. - 1:30 p.m. Lunch (on own)

1:30 p.m. - 2:30 p.m. Track Breakout Session

EXTERNAL ISSUES: PIIT Pooling Roundtable
Jonathan Hughes, Account Executive, Ginnie Mae
Akvile Sweetman, Senior Account Executive, Ginnie Mae
Paul Thomas, COO, Pingora
Craig Freel, SVP, Roundpoint
Michael Blake, SVP, Fairway

Join us to discuss with industry experts the strategy and mechanics behind Ginnie Mae’s co-issue pooling (PIIT) program.

MODERNIZATION AND TRANSFORMATION: GMEP 2.0 Demo
Juanita Cruz-Latimer, Web Manager, Ginnie Mae
Patrick McDonald, Senior Consultant, Deloitte

Come for a demonstration and update on the new and improved interface for program participants.

OPERATIONAL: FHA, VA and RHS Servicing and Loan Modifications Update
Andrew Trevayne, Assistant Director, Loan Management, U.S. Department of Veterans Affairs
Stuart Walden, Lender Oversight Manager, USDA Single-Family Guaranteed Loan Program

We bring together the policymakers for the three major government housing programs, each of whom also has hands-on responsibility and experience in lender compliance issues. They will be prepared to tackle tough issues like the future of loan modifications, servicing transferee liability and timeliness of claims.

MONITORING AND COMPLIANCE: Document Custody Open Forum
Susan Skiles, Mortgage Banking Analyst, Ginnie Mae

This session is designed to be an open forum to ask questions on changes made to the Document Custodian Manual from both Issuers and Custodians. We will also begin taking ideas on the reimagining of document custody.

2:45 p.m. - 3:45 p.m. Track Breakout Session

EXTERNAL ISSUES: Non-Bank Success Stories/Lessons Learned
Roy Hormuth, Single-Family Director, Ginnie Mae

Non-banks are playing a much larger role in today’s market with some Ginnie Mae Issuers increasing their deliveries by well over 200% in the past year. Hear from several high growth Issuers on how they were able to ramp up production, and the lessons they learned along the way.

MODERNIZATION AND TRANSFORMATION: New Procedures in RFS - Retiring Biometrics (repeat of 10:15 a.m. session)
Victoria Vargas, Director, Program Administration, Ginnie Mae

Learn what changes are coming after Oct. 1 including the retirement of biometrics and the introduction of RSA SecurID token for pooling in GinnieNet, revisions to Reporting Principal Balance (RPB) procedures, and more.

OPERATIONAL : Bringing Servicing In-House
Donna Curran, Account Executive, Ginnie Mae
Jaime Gomez, Chief Operating Officer, Colorado Housing and Finance Authority
Sharon Wandrick, Mortgage Banking Analyst, Ginnie Mae
Anderson Williams, Account Executive, Ginnie Mae
Carla Wise, Executive Vice President of Servicing, Freedom Mortgage
Scott B. Woll, Senior Executive Vice President Capital Markets and Finance, AnnieMac Home Mortgage

Answers to questions such as: "What will Ginnie Mae require us to demonstrate when we look to service our own loans" and "What are some of the pitfalls issuers face when starting up their servicing operation, after using a subservicer for several years?" Hear about the challenges of doing your own servicing and suggestions on how to be successful.

4:00 p.m. - 5:00 p.m. Closing Session: New Issuer Roundtable
  Jason Eisendrath, Director, Mortgage Delivery Specialists
Bruce Karda, National Sales Manager, Texas Capital Bank
John Bosley, Vice President, Capital Markets, Planet Home Lending
Julio Aldecocea, Managing Director, Lakeview Loan Servicing, LLC

Join a roundtable of industry experts to discuss strategies to establish best practices in pooling, secondary marketing, warehouse lending and servicing oversight.
Last Modified: 9/3/2015 3:33 PM